For psychological purposes the most important differences in conation are those in virtue of which the object is revealed as sensed or perceived or imaged or remembered or thought.

An object is not first imagined or thought about and then expected or willed, but in being actively expected it is imagined as future and in being willed it is thought.

We cannot therefore say that mental acts contain a cognitive as well as a conative element.

But though cognition is not an element of mental action, nor even in any real sense of the word an aspect of it, the distinction of cognition and conation has if properly defined a definite value.

The thing of which the act of perception is the perception is experienced as something not mental.

... when demand is being destroyed by expensive oil just as expensive oil is incentivising increased production - it should come as no surprise that at some point the markets would react.

It may be added, to prevent misunderstanding, that when I speak of contemplated objects in this last phrase as objects of contemplation, the act of contemplation itself is of course an enjoyment.